Category: Energy

Energy, Finance Tech, Industries, Trading, Uncategorized

Oil prices climb as upbeat economic data raise demand expectations

December 11, 2017

Via: Market Watch

Oil prices edged higher Monday as upbeat economic data helped to raise expectations for crude demand, offsetting some pressure from concerns over growing U.S. production. On the New York Mercantile Exchange, January West Texas Intermediate crude CLF8, +0.63% tacked on […]

Energy, Finance Tech, Industries, Trading

US crude oil fails to take out 2017 high as a ‘cruel’ month for energy market begins

November 2, 2017


U.S. crude prices retreated after coming within striking distance of their 2017 high on Wednesday, raising questions about whether a rally that started in June has reached its peak. On the one hand, the trend of future oil prices suggests […]

Energy, Industries

Energy surge sends US consumer prices up 0.5 pct.

October 13, 2017

Via: ABC News

U.S. consumer prices rose 0.5 percent in September, the largest increase in eight months. The result reflects another big jump in energy prices in the aftermath of Hurricane Harvey, which shut Gulf Coast refineries and caused gasoline prices to spike […]

Energy, Finance Tech, Industries, Trading

Oil market bulls are wrong to forecast a pick-up in prices — and here’s why

October 12, 2017


Oil prices are unlikely to reach $60 per barrel anytime soon as hawkish forecasters continue to ignore the “elephant in the room”, a senior economist told CNBC Wednesday. Daniel Lacalle, chief economist and investment officer at Tressis Gestion, said: “The […]

Energy, Industries

Why energy stocks are a great bet

September 29, 2017

Via: Business Insider

Business Insider executive editor Sara Silverstein talks to Sarah Hunt, a portfolio manager at $4 billion firm Alpine Funds, about why she’s bullish on energy stocks. Hunt says there’s been a change in discussions around oil, and says she expects […]

Energy, Industries

Energy is rallying once again, but investors are wary

September 26, 2017


Oh man, it’s happening again. Oil is rallying, and so are oil stocks. Both are up about 10 percent in a month. And almost no one thinks it will last. Here’s the story this time: Oil supply is tightening. OPEC […]

Energy, Industries

Oil Companies at Last See Path to Profits After Painful Spell

August 1, 2017

Via: The New York Times

This port city built of granite on the North Sea has taken a battering in recent years. Plunging oil prices hit the petroleum industry, which dominates the economy. Tens of thousands of jobs were slashed. Projects worth billions of dollars were sent […]

Energy, Industries

Exxon profit swells but disappoints as global oil surplus continues

July 28, 2017


Exxon Mobil’s second-quarter profit nearly doubled but missed expectations as a prolonged downward swing for oil prices constricted the company’s momentum. Exxon reported a $3.35 billion profit for the quarter, up 97% from a year ago, as it slashed spending […]

Energy, Industries

China is crushing the U.S. in renewable energy

July 18, 2017

Via: CNN

China may be the planet’s biggest polluter but it’s also powering ahead of other countries on renewable energy. As the Trump administration yanks the U.S. out of the Paris climate change agreement, claiming it will hurt the American economy, Beijing […]

Energy, Industries

Warren Buffett’s Berkshire Hathaway is buying an electric-utility giant for $9 billion

July 7, 2017

Via: Business Insider

Berkshire Hathaway Energy said Friday that it agreed to acquire Energy Future Holdings for $9 billion in cash, a purchase that would eventually hand it the electric-utility giant Oncor. The deal comes after Energy Future, Oncor’s parent company, filed for bankruptcy […]